German Finance Chief Urges
IMF Oversight of Markets

By

Michael Connolly

Updated Oct. 18, 2007 6:41 p.m. ET

Oversight by a revamped International Monetary Fund could be one solution for preventing a recurrence of the current credit crunch and financial-market turmoil, German Finance Minister Peer Steinbr&uuml;ck said.

"I think surveillance might be one of the most important tasks -- watching and observing and assessing the financial markets," he said Thursday of the IMF in an interview with The Wall Street Journal in New York....